Frauds in Government's software

After the Satyam Scam the Ministry of Corporate Affairs (MCA) has develop an early warning system (EWS) software to detect and warn the corporate frauds.PTI has reported that the software has detected financial irregularities in 160 companies, out of which 30 are government.An official source said that they have asked the registrar to inspect the 130 companies detected by the software.We have asked the Registrar of Companies to inspect the books of about 130 companies based on the preliminary findings of the EWS and some 30 PSUs would be referred to the Comptroller and Auditor General.Lets us hope that the government prevents a major scam like Satyam at an early stage.